Hello and Welcome To This Lifevantage Reviews Site.
An In-Depth look At Lifevantage.
I want to congratulate you on doing your research before you jump into any business decision. You will soon find that you have made a wise decision! No matter what entrepreneur you have talked to, they will tell you that they do not just make important choices regarding their business on a whim. The fact that you found this “Lifevantage Reviews” site, means that you are on your way to becoming a successful entrepreneur. As you read on in this Lifevantage review you’ll learn about some of the Lifevantage products as well as many other important key factors of the Lifevantage business.
So, what is Lifevantage? Is Lifevantage a Scam? Or is Lifevantage a Pyramid Scheme? How can I make money with Lifevantage? What Are Others Saying about Lifevantage? Get all of these and many more questions related to Lifevantage answered in this complete Lifevantage reviews site, and make an informed decision as to whether or not Lifevantage is right for you.
So on that note….Let me introduce myself…
With that being said…
You know, I’m sick of all the hype and false promises all over the internet and I know you are too! I’ve been tricked and scammed myself a few times over the past few years and I’m here to make sure that doesn’t happen to you during your review of the Lifevantage business.
I know you want to know all the nuts-and-bolts about the Lifevantage business…you’re asking yourself, ‘is this a legitimate business opportunity’, and is it right for you? What are the mechanics of creating TRUE success with this business if you decide to use our system to create an additional stream of income for you and your family?
And those are all EXCELLENT questions that need excellent answers!
So take your time to review this entire site and be sure to fill out the short form to the right to get your copy of my ‘Lifevantage Reviews Insiders Report‘, along with a FREE eBook ‘Staying Young’ just for checking it out. You’ll find an enormous amount of information in my free report to help you make an informed business decision about whether Lifevantage, and if Charlene & I as your sponsor are right fit for you.
And if you’re the type of person who takes ACTION in life and you want to partner up with our team to make the kind of money you know you’re worth, be sure to give me a call, or shoot me an email and I’ll be sure to answer any questions you have…but, I am going to be up-front with you again, I am personally working with my team on a daily basis, and am very busy with training and with supporting my team. If I can’t answer at the time you call, leave me a message, I will always return my calls.
So let’s get started…Inside of this Lifevantage reviews site, we’ll uncover some common questions asked about this company and this industry such as…
So What Is Lifevantage Reviews Anyway?
The Lifevantage Corporation first launched the business in 2003, focusing on their anti-aging products in the rapidly growing, highly competitive, multi-billion dollar health and wellness industry. Lifevantage Corporation initially used the traditional retail marketing methods for their unique products, such as; TV, radio, newspapers, magazines etc. Due to the independent third-party research, multiple peer reviewed university studies, rapid product sales, and the media attention, the Lifevantage stock soared through the roof back in 2005.
Lifevantage was featured all over the news media channels like the Today Show, PBS, and the famous investigative video of ABC’s Primetime Special with John Quinones. This publicity obviously sent the stock over $20 per share, but could not maintain its position due to the fact that the featured product, Protandim, was so scientifically unique, traditional supplement retail outlet stores, didn’t really know what they had setting on their shelves.
So, when Lifevantage’s product sales started to decline, this was obviously due to due to uninformed retail clerks and the wrong marketing methods such as traditional retail product marketing. Combine those scenarios, and the stock value took a sharp nose dive. So, after several months of evaluating the best marketing solution for their unique products, Lifvantage’s executives understand that ‘word of mouth’ marketing is the best form of advertising for any product. We do it all the time. For instances, have your ever recommended your favorite movie, restaurant or even a soda pop to anyone? So in May of 2009, they formed the Lifevantage Corporation into a network marketing company for the distribution of their unique products. Lifevantage provides training, product education and support to all of their distributors so that they will be competent and knowledgeable to market their products. They are no longer relying on traditional retail marketing methods and uninformed hourly retail clerks to sale the products. Like I have said, the products are too unique for traditional product distribution. Instead of buying millions of dollars worth of TV Ads, Radio Spots, and Print Media – They allocate millions of dollars to their commission based ‘word of mouth’ marketing sales force! So are you getting it? Of course you are!
As you can tell by now….the power of network marketing or multilevel marketing (MLM) has been the best method of product distribution for the Lifevantage Corporation.
Is the Lifevantage Corporation Another Scam?
- First of all, here in the United States, Lifevantage Corporation legally sells shares of it’s corporation on the open stock market. Individual people can actually buy and have ownership into the company. Lifevantage Corporation is currently a publicly traded network marketing company (ticker LFVN), with the stock traded over the counter (OTC). Lifevantage would not have even passed the strict scrutiny, and investigation process of the Securities and Exchange Commission, commonly known as the SEC if this company was a scam. The SEC is who regulates the stock market here In the U.S. You can check their website at www.sec.gov. Its their job to protect investors and keep the markets efficient. They also monitor stock brokers and illegal activities such as insider trading. Tadaa!
- Second of all, LifeVantage is also a member of the Direct Selling Association and the Better Business Bureau (BBB)
- Third, and Yes, you’ve probably heard of many MLM, or Network Marketing industry complaints coming from people that have tried a MLM business and had failed. One of my colleagues, and a well known leader in this industry, Tim Sales, fully explains how people Fail in MLM…Watch the video below….
Now, just as Tim explained in this video…People don’t “Fail’ in Network Marketing and MLM, they give up too easily! That’s very common, and it happens everyday. Charlene and I understand this! This is discussed in greater detail in the Team Bonuses section of this website.
Some people who are upset and haven’t made any money MLM or Network Marketing are the first to yell to the mountain tops….’my xyz company is a scam’, or ‘only the people at the top are making any money’, well these people are definitely angry and want to hurt the image of the industry or even the company they were involved with. However, it is neither the industry, nor the failed participants fault. Most MLM company’s only know how to market themselves with outdated marketing techniques, and most have inadequate training and support to their distributors. The distributors are not taught any marketing skills whatsoever. We will touch on this later in the Team Bonuses section of this website. So there you have it, Lifevantage Corporation is NOT another scam.
Is Lifevantage A Pyramid Scheme?
This is a great question! Now I’m not making fun of anyone, but Jeesh…If not fully explained correctly…the person asking it will continue to get that question stuck in their head…’I still think it’s a pyramid scheme!’ I have another video for you to review just below this link…I love this one!
On the surface, it’s hard to differentiate between a legitimate network marketing, or MLM company and a pyramid scheme. That is because they are both built on the business model of “multiple levels” of distributors and recruits. Let’s break this down.
In 1979, the United States Federal Trade Commission (FTC) handed down a landmark ruling. They found that one of the industry’s founders, Amway was not a pyramid scheme. That ruling has paved the way for hundreds of MLMs to follow the FTC’s ruling. Lifevantage’s product marketing and business model is based well within the 1979 ruling based on the following below…
- 1. The Lifevantage Corporation doesn’t pay distributors for simply recruiting new salespeople or distributors. Selling and marketing the products is the only way a Lifevantage distributor gets compensated for their efforts.
- 2. Making money through the Lifevantage Corporation is either by selling products directly to consumers or by coaching a team of other salespeople, also known as a Lifevantage distributor. Coaches get a percentage of each of their recruits’ sales, and the new recruit has the same opportunity and the recruiter. The insurance industry has set up their business model this way too. See the Lifevantage Compensation Plan for further details.
- 3. The Lifevantage Corporation doesn’t require its distributors to purchase so called starter kits, or impose a minimum monthly order value to stay a member of the company. However, there is a minimum product volume that needs to be met monthly to meet certain commission levels. This can be achieved by way of personnel purchases or sales. Most Lifevantage distributors choose the option to receive the product on a monthly autoship to take personally.
- 4. The Lifevantage Corporation stresses that the main difference between a legitimate MLM business model and a pyramid scheme is that a legitimate MLM is focused on selling products, not recruiting more salespeople. In a legitimate MLM, it should be possible to make money by simply selling products directly to customers.
Although, creating wealth with Network Marketing is very attainable, but be wary of anyone who tries to sell you on an MLM opportunity by flaunting their personal wealth. Realize that many of the people who claim to have made millions through the MLM industry have actually made their money selling books and videos on how to make millions through MLMs.
Here’s The Bottom line: If it sounds too good to be true, then it probably is!